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and terrorism. this is a statement. i'll read it to you, congressman. president obama is advocating his responsibility as commander in chief and undermining the authority of future presidents. the president does not need congress to authorize a strike on syria. if assad's use of chemical weapons against civilians deserves a military response, and i believe it does, and if the president is seeking congressional approval, then he should call congress back into special session at the earliest date. the president doesn't need 535 members of congress to enforce his own red line. you totally disagree with peter king. tell our viewers quickly, because we're out of time, congressman rangel, why he's wrong and you're right. >> peter king i thought was on the right track when he said the president should call back the congress. but this whole idea that he doesn't need 535 -- at least i hope he's saying we need the majority. to an extent of what his belief is, it's 135th of the united states congress. so i respect him or anybody else who believes the president is authorized to attack another count
is beginning to take shape around, yes, of course, the repeal of obama care. and last night at a heritage foundation defund obama care event in texas, senator ted cruz tried to rally conservatives. >> what happens next is president obama and harry reid are going to scream and yell those mean, nasty republicans are threatening to shut down the federal government. what has to happen after that is we've got to do something that conservatives haven't done in a long time. we've got to stand up and win the argument. why is it that every reporter in the media and a significant percentage of republicans assume with an impasse that president obama will never, ever, ever give up his principals so republicans have to give up theirs. if you have an impasse, you want to know one side or the other has to blink. how do we win this fight? don't blink! >> by the way, cruz was heckled at that event by people saying they wanted health care as well, but there were more supporters, as he said, than there were hecklers. earlier, though, former u.s. senator jim demint and president of the heritage foundation sa
to attack obama care because they want to hurt america. >>> a freshman, watch this, sinking an amazing half-court shot. that's only half the story. the other half of the story may be better. we'll tell you what his future will look like at that school. "fox & friends" begins right now. >>> good sunday morning, everyone. welcome in to "fox & friends," tucker carlson anna kooiman, clayton morris. >> good morning. >> we want to congratulate a new sports network. >> fox 1. >> find that on the cable dial. congratulations to them. they are kicking off. we wish them well. next year there will be fox sports 2. they will be two years old. >> i see. he'll be here all week, all morning for the next four hours nim. we have a fox news alert to get to. egypt braces for another day of bloody protest after security forces storm a mosque in cairo. protesters and armed men barricaded themselves inside. hundreds died in bloody street battles this week including the son of the muslim brotherhood spiritual leader. this as the egyptian government considered out laug the brotherhood just a month after it held pow
. bye. "newsroom" starts now. >>> happening now in "newsroom" abandoning obama and the solo strike. >> for the president to act without authorization. >> a coalition crumbles and allies ditch america. >> the president is going to have to make his case. >> i do believe we have to do something. >> will the u.s. go it alone? >>> also, od'ing on tylenol? 80,000 americans sent to the e.r. each year. ahead what the company is doing about it. >>> plus, settled. >> i think it's a good day for thousands of football players who are dealing with different afflictions. >> 700 million plus dollars. compensation for concussions. >> they're almost certainly going to be able to eliminate any future lawsuit. >>> and you can have your pot and smoke it, too. the feds will now let states decide on pot. >> i love seattle, washington, rocks. >> colorado, washington. >> they call it wake and bake. some wake up every morning. ♪ light up. you're live in the cnn "newsroom." >>> more on the doj pot decision a little later. good morning to you, i'm carol costello. first up, syria. president obama reaches ou
expects, quote, president obama understands that the brits can not now join in any military attack. >> i haven't spoken to him since the debate and the vote but i would expect to speak to him over the next day or some i don't think it's a question of having to apologize. >> reporter: after the u.k. parliament vote a spokesperson for the president's national security council put out a statement saying quote, the u.s. will continue to consult with the u.k. government, one of our closest allies and friends. as we have said president obama's decision-making will be guided by what is in the best interests of the united states. but french president francois hollande says whether or not the brits are involved he supports taking quote, firm action against syria and that includes a possible military strike. bill? bill: molly, will the president ask congress for authority? or what, how is the white house addressing that very issue? >> reporter: the white house says the president has been consulting with a number of members of congress but there's no indication the president intends to wait for a v
officials say once they get the order they could be ready to go within hours but while obama administration officials continue to verbally hammer bashar al assad we're still waiting to get the hard evidence that he's responsible. the latest warning to syria comes directly from the white house. >> those who use chemical weapons against defenseless men, women and children, should and must be held accountable. >> reporter: another sign to expect action, u.s. officials all but telling u.n. inspectors, get out of the way. >> and it's clear the security situation isn't safe for the team in syria. >> reporter: the defense secretary told the bbc u.s. ships are positioned, preparations complete. >> we are ready to go. >> reporter: and a defense official tells cnn if the president chooses the most limited option, it could be over in two to three days. cruise missiles could target syria's weapons launchers and command and control facilities, but that's it. >> the options we are considering are not about regime change. >> reporter: and this some say could backfire on the white house. >> it may give bas
was gaining momentum, there are now new calls for caution. dozens of u.s. lawmakers want president obama to seek formal authorization from congress before an attack. congressional leaders will be briefed by the administration during the next hour. britain's prime minister is facing parliamentary resistance to a strike in an emergency session of the house of commons. they're meeting right now. and france wants to wait until u.n. inspectors finish their job. let's begin our coverage with our senior white house correspondent jim acosta. jim, have things over there hit a snag? >> wolf, you will not hear that publicly from white house officials who say they remain on what they call a compressed time frame for delivering a response to syria and they say intelligence assessment backing up that action will be delivered to the public as soon as today. in the face of more questions from congress and key u.s. allies, the obama administration says it's determined to send what it calls an unambiguous signal, not just to syrian leader bashar al assad but to the world. >> it's also important for our to
that is because president obama is pushing for a sir charge. good morning peter when you look at your cell phone bill as it is there are already all kinds of sir charges. what's this one about? >> this is about a new plan. the white house wants to put internet in 99 percent of the nation's school within five years for connect ed. the technology is there so why not. the administration wants you to pay for it. the money for this plan comes from jacking up every american's cell phone bill. >> probably on the order of $5 or less a year on cell phone numbers on an individual cell phone owner. >> this sir charge does not need congressional approval. although president obama does need a thumbings up from the fcc which is independent. >> the president twice said he directed the independent regulatory agency to spend this money and raise these taxes and that is simply not within his power to do>> there is one fcc commissioner to say the white house plan may have flaws. >> if the school wants to connect the money to all classrooms as opposed to a particular classroom with one gig bite we should be able to
obama says he hasn't decided exactly what to do. good morning, everyone. word of the day, delay. in an interview on pbs, president obama talked about a shot across the bows, a limited targeted strike. the united nations rejects military action. congress wants to be consulted. the brits say, it's like iraq all over again. so, wait till the u.n. inspectors confirm a gas attack. delays. over here, no delay for a gas price hike, it's started already. oil still priced at $109 a barrel and stocks will open dead flat. what will be the impact of this? the economy expanded at an annual rate of 2 1/2% between april and june. that's better than first reported. but come on, everybody, get used to the new normal. "varney & company" is about to begin. the most free research reports, customizable charts, powerful screening tools, and guaranteed 1-second trades. and at the center of it all is a surprisingly low price -- just $7.95. in fact, fidelity gives you lower trade commissions than schwab, td ameritrade, and etrade. i'm monica santiago of fidelity investments, and low fees and commissions
their work. president obama says is short strike he believes will be effective. >> if we're saying in a clear and decisive but very limited way, we send a shot across the bow staying stop doing, that can have a positive impact on our national security over the long term. bill: molly henneberg leads our coverage live on the north lawn. poly, there will be more meetings today there, but this one is with leaders from congress, and what do we know about that meeting today? >> reporter: the president will two more in depth what the white house is saying all week. that this was a chemical attack they believe, that the u.s. can not let it go unanswered and the president is expected to lay out to congressional leaders his options and classified intelligence behind these options. there may be declassified version of intelligence released to the american public later today. the president will confer with top congressional leaders either in person or teleconference late this afternoon. sources tell fox the intelligence is not clear whether syrian president bashar al-assad was behind the attack or ordere
to cover every angel of it beginning with dana >>> top obama officials insisted to lawmakers on the thursday night conference call they have no doubt ba sar assad's regime in syria was behind deadly chemical attacks there. secretaries of state, defense and others backed that up by revealing to lawmakers that the u.s. intercepted communications from a high level syrian official, which clearly indicates they were responsible for these weapons, that according to congressman el yol engel who participated in the call. though obama insists no decisions have been made, cnn is also told they privately made clear to lawmakers that chemical weapons in syria is such a threat the u.s. could engage with or without support from great britain. bob corker emerged from briefings thursday announcing support for surgical proportional military strikes, given the evidence of continued use of chemical warfare. bob menendez reaffirmed his support saying a decisive and consequential u.s. response is justified and warranted. . others argued the president still has to come before congress and the amer
another gas attack. >> and you find low public support, you find low congressional support. and obama is going to need to contend with. there hasn't been a clear articulation of what we're going to achieve and how we're going to do it. i think once someone stands up and does that, then you can test the support that you'll get. >> michael, thanks for that reasoned analysis. we appreciate it. getting up early, though he's on the east coast. >> thank you. >> that was most recent analysis i've heard in a long time about having an objective as opposed to just sending a signal. >> largely symbolic. >> it feels like we have been forced into it. we'll have mccain on. he's railing against general dempsey, who says, you know, said let's show much reticence to do anything that it emboldens -- in his view, emboldened these guys. all right, coming up, how twitter is learning from some of facebook's ipo mistakes. first, as we head to break, let's check on the national forecast with the weather channel's alex wallace. >> good morning to you. good morning, we're tracking some showers moving from the
obama getting back to business. meeting with financial regulators about implementing dodd-frank peter barnes has the very latest. peter: that is just one of the latest things he has on his plate. very busy with things like egypt and syria. the president would like to keep the focus on jobs and the economy. foreign-policy issues may not let him do that. he goes on a two were later this week. congress is out on its regular august recess. he has a megaphone right now and he needs to use it while he can. >> every president in their second term, lame ducks get closer every day. the president is walking a fine line of where he is in that timeline. peter: the end of the fiscal year is september 30. they have not worked out a deal to fund the government. they are looking at a continuing resolution of some kind that will buy more time. the debt ceiling is likely to be hit around october and november. have been reporting on this. he is looking at larry summers, his former economic advisor, as well as janet yellen. lori: funny you mention that. thank you, sir. charlie gasparino will join us to t
these stories come in and even though i feel like i attention, 3.8%. >> the obama administration and congress when the past obama care tended not to highlight the tax increases that the 4 obama care. and capital gains which is at 15%, obama moved it up to 20%. and 3.8%, and 24%, back to where it was before reagan came into office. and on capital gains taxes, and they were in dividends. 39.5%. and it was a tremendous assets, through dividends. and to 23.8%. than other investment income in chapter s corporations and other investments like that, 43.4%, 3.8. connell: in some ways. but probably in fairness to all of us, the so-called taxing the rich is what they were talking about during the debate. >> you make more than 200,000 you will be hit by this. connell: when they presented it there will be small tax increases to the, quote, rich and this is what it means. what the fact economically? >> anytime you tax you get additional incentive, lots of different things, it will reduce the amount of investment income people have. if you are investing getting capital gains and dividends and the governmen
mayer. >>> a provocative question the day after president obama gave the keynote speech marking the 50th anniversary of martin luther king's "i have a dream" speech. >> have the conservatives judged this man by the content of his character? >> absolutely not. most of the political have an union pinning of race. >> president obama downplayed the assertion that race was behind the republican gridlock. >> i was on the stage with president clinton, and i remember him having a pretty hard time with republicans as well. there does seems to be sometimes just democratic presidents generally being -- efforts being made to gee legitimize them. >> let's bring in joe watkins and democratic strategist and former edwards campaign spokesman chris skofinas. what do you think of that? >> it's one of those things where you don't want to believe it. obviously you have a lot of republican -- i don't by any means believe they are racist, so it's something that you don't want to believe, but when you step back and i think this is where the american public, and in particular i would say the african-american co
obama is set to announce new measures and efforts to restore the public's trust in government surveillance programs coming on the heels of the closed-door meeting on privacy at the white house. president obama met with tim cook, stevenson and a host of other tech industry executives to talk spying, privacy and security in an effort to find a balance between the three. full detail expected at the news conference today and fox business will have live coverage of the event beginning at 3:00 p.m. eastern. adam: oil snapped a losing streak surgeon about $105 per barrel on bullish economic reports out of china. phil flynn is in the trading pits of the cme. don't you take a real risk in believing the economic numbers out of china? >> you do, changes from week to week. everybody was writing china off. they were selling oil on bad economic data. all the sudden china cannot get enough. yesterday china imported more oil than they ever have before. oil actually went down. today strong manufacturing data out of china reuniting the bulls. we will have to rebuild them, they will go up. stron
obama and his national security team laid out their case for action against syria in a conference call with lawmakers. but here's where things get complicated. the british parliament voted down a strike and israel says it is unlikely to join as well. but france's president says his country can go ahead with plans to strike syria. all this is roiling the markets. oil dropping on news of the british vote late yesterday and you can see right there, things are slightly down this morning, but it is all quite marginal for now. but i'm still -- i'm still trying to understand what we as the u.s. are now supposed to do with all this given what is going on internationally. >> i think about it a lot. i never come up with any answers. it is like i'm debating myself. i feel like i could do a good job on both sides of the debate, which shows you that it is a quandary for anyone trying to deal with it. i got to say, i don't -- i feel a little bit of empathy for the president on this. even though i don't -- i think we put ourselves in this position. >> we put ourselves in a box. everybody agrees we pu
clinton. senator elizabeth warren and president obama round out the top four. governor christie's position dips when only republicans are polled, drops to eighth behind the list of candidates behind the party's presidential nomination in 2016. first thing is first, what on earth is a temperature meter or whatever we're calling this? >> yes. so they call this the feeling thermometer. we're into feelings and we ask you how do you feel about these politicians. so 0 is stone cold. 100 is burning up. and we saw there the president coming in fourth. the most surprising number in that poll, you mentioned senator elizabeth warren, now the senior senator from massachusetts, coming in at number 3. the other thing that really struck us, how far christie fell when you ask just republicans, interestingly enough number one, when you ask just republicans, paul ryan, mitt romney's running mate and then rand paul, ted cruz, jeb bush, scott walker of wisconsin, all coming in before christie. that points to the governor's real challenge. he has this amazing national popularity and following, on the cover of
's justice department and the obama administration have taken heat for the lack of high level prosecutions over the meltdown in 2008. there haven't been cases but the record is mixed. in 2009 two hedge understood managers beat fraud charges. that was a setback. better luck when a cup of traders pleaded guilty and a third this year. lots of action on the civil side. the new york attorney general working with the doj sued jpmorgan and sued bank of america and standard & poor's among others. we know there is a push from high up in the justice department to move other crisis cases along. no specifics from holder other than we're not done yet. >> you know, it's interesting, scott, that this stuff is just starting to bubble to the surface even though the 5-year statute of limitations is approaching. when i was looking at some of the bank quarterly filingses a couple weeks ago they did start to disclose the doj is investigating us for mortgage-backed security cases. almost every bank in the mortgage market disclosed that. when i talk to people they said that was because at the staff level the ban
's start with the biggie. >>> the obama administration now warning of a mid-october default deadline. treasury secretary jack lew saying that the government is going to exhaust its borrowing capacity at that point, and then it would be left with about $50 billion of cash on hand. he warns that amount could conceivably be wiped out in one single day. our own john harwood's going to be sitting down with the treasury secretary for an exclusive interview and we're going to have that and bring it to you at 7:30 a.m. eastern time. >>> in other washington news, the white house preparing to release intelligence evidence alleging the use of chemical weapons by syria. secretary of state john kerry called last week's attack a "moral obscenity," and he's laid out the case for a u.s. military response. >> anyone who could claim that an attack of this staggering scale could be contrived or fabricated needs to check their conscience and their own moral compass. what is before us today is real, and it is compelling. so, i also want to underscore that while investigators are gathering additional evid
and inspirational but then he did it. he talked about the fundraiser he recently had for president obama. naturally we were shocked somebody who could contain so much of the system the president is trying to dismantle. he says he likes the president and things he means well. in my mind if dismantling america and peace it back together as a nation that scores success is well-meaning, then so be it. on the interview was over somebody wrote to me he would never buy from london liquidators again. i get where he is coming from but i have to say it is a slippery slope. a woman e-mailed me earlier in the year with a lt of companies she had her husband shop at and it is shorter than the list they are boycotting because of management. i did not make her day when i told her cost to probably to be struck off considering the money the ceo race for president obama and the speech he gave at the dnc. i wonder how old she and her husband were. maybe they should watch duct honesty and learn to hunt to make sure a penny of her might does not end up with the wrong organizations. i undstand it, i still have a copy of
a roundup of some of the top stories. the obama administration has overturn add u.s. trade panel's ban on the sale of some older iphones and ipads. this move reverses a ruling that had favored samsung over apple in that long running patent battle. the u.s. trade representative says that the decision was based in part on the effect of the competitive conditions in the u.s. economy and the effect on u.s. consumers. this is big news, though. shares of samsung were actually down overnight. just about 1%. apple shares, if you want to take a look at where things stand at least right now, up just barely. again, this is some pretty significant news. we will continue to watch those stocks today. >>> also, the london metal exchange and goldman sachs are being sued over alleged anti-competitive and monopolistic behavior when it comes to aluminum storage. the lme's owner says it will fight the class action lawsuit. we have been talking in recent weeks about this. wall street banks facing increased scrutiny in their involvement in the business for storing and transporting commodities like oil and a
with samsung. the obama administration vetoing a ban on apple products. share of samsung are falling in asia. >> tv blackout, battle between time warner cable and cbs show nothing signs of letting up. >>> the terror threat overseas. many u.s. embassies stay closed now until august 10th. a live report from nbc's pete williams. >>> first up, if you didn't see it, u.s. equity funds saw a record inflow in july. according to trim tabs funds saw $40.3 billion coming in last month while bond funds saw the fourth highest outflow on record. david seeburg at cowan. good monday morning to you. >> good morning. >> david, is this the beginning of something new? >> it seems to be. i mean, $40 billion in july, amazing. still a ton of cash on the sidelines. there's about $9.5 trillion in xhrgs bank deposit and money mark accounts, companies obviously corporate balance sheets reflecting cash. m&a starting to pick up it's the beginning of a rotation that we expect to take equities higher. >> peter, how do you read things here. >> s&p gone from 666 to 1700 without the retail investor. retail money's coming in,
notes, you said a missile attack would only make president obama look weaker. why? >> if it's just a missile attack to signal open session to chemical weapons and assad goes ahead with future chemical weapons attacks, then that makes the u.s. look irrelevant. so it has to be strong enough to deter a future use, strong enough to send a signal not only to damascus but to iran that red lines, once they're made and, you know, we can discuss the wisdom of making a red line before you no ewhat you will do to enforce it, but once the red lean is out there, it's important not only in terms of the syrian crisis but in terms of the looming iran nuclear standoff. >> so what are you advocating exactly then? if missiles are not going to be strong enough, what would be? >> i think it has to be, well, the administration has boxed itself in on this attack. but this attack only makes sense if it's a part of a broader strategy to act sell rate the fall of assad, to strengthen moderate opposition groups within the opposition coalition, because it doesn't make sense to overthrow assad if al qaeda affi
this is a conspiracy between me and president obama or i was soliciting money from people who had some affiliation with him. the documentary evidence is overwhelming. he committed fraud on an ongoing basis. he fleeced people who couldn't afford the money out of $40 million. maybe the most despicable thing his instructors told students, you have to raise your credit limits. call your credit card companies, get more credit if you want to succeed in real estate and folks used that increased limit to pay more money to trump and went further into debt. despicable scheme and he's going to pay for it now. >> any other name than trump, this story doesn't get any pick-up, nobody notices it. to those who say it's an opportunity for you to increase your public profile and that of your office, how do you respond? >> i'm responding to him. i mean he went in the newspapers on saturday and started talking about it. and making crazy accusations against me. so, we're not going to sit down and let him make fall accusations and lie what the case is about. this is a classic bait and switch scheme. you have to sent a
states. the obama administration has said the use of chemical weapons would cross a red line. what happens now? we have live team coverage overseas and washington. let's start first with arwa damon live from beirut. what's the latest you're hearing, arwa? >> reporter: those images are so hard to watch and it's absolutely horrible scenes of lifeless children, doctors trying to desperately resuscitate others. i just spoke via skype with a doctor who says he is in syria, we cannot independently verify that. he said they're struggling in primitive conditions, unable to attend to all of those who are suffering the side effects of what he is also saying was a chemical attack. they look atroprine and oxygen. another volunteer medics throughout all of this, if you'll remember, he was describing the symptoms he personally felt. he said he initially lost vision and then he lost all feeling in his body, and at one point, he collapsed. now this is not the first time that we've heard claims of chemical weapons being used in syria. it is, however, the first time that the death toll from any of t
of touch screens. now, president obama has 60 days to review this decision. if he doesn't veto the order, it will go into effect. and if you remember, he vetoed the order when it came to apple. we will see what happens when it comes to samsung. becky? >>> we do have more boardroom drama at jc penney today. "the wall street journal" reports the board met late yesterday afternoon to talk about their next move. the directors are looking at ways to remove bill ackman from the board. the article also notes that it's questionable whether ackman has violated his duties as a board member. there may be a de facto board that excludes ackman. scott, i'm glad you're here for this discussion because this has gotten weirder and weirder. >> it has indeed. >> i thought it was bizarre when we first heard about what was happening. because as a board member, you wonder if he'll be operating from the inside or outside. this is more typical of an outside activist shareholder thing. charles nelson in this "journal" article raises questions whether he did anything wrong at all. he says it would be really diffi
of obama care exchanges. in an interview last night, wisconsin governor scott walker warned employers can't afford the uncertainty of the affordable care act. >> we need certainty. the fact is, employers aren't seeing it. the political pressure they push back on the employer mandate, but there is incredible uncertainty about the so-called affordable care act. i visit the firms, the companies, small businesses, we don't know what is going to happen next. we're not going to take the risk, even though we have the potential to grow our economy, we have the customer base that wants us to produce more, we're reluctant to go over the 50 mark, the full-time rate. >> where does this all go next? >> for someone to say there is uncertainty in obama care, that is not the lead, obviously. you'll hear things like that from scott. the two aspects is one, yesterday, the president, up with of his hometown papers in chicago, the tribune said, bottom line, in an editorial, bottom line, let's delay and rewrite this ill conceived law, three years of attempting but failing to make this clumsy monstrosity work
obama's tax hikes on the rich will hurt the middle class and the poor by killing jobs. it was a controversy -- controversial op ed, and now rodgers is here to explain it in person. that's coming up on the "closing bell." stay tuned. make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you start using active trader pro today. so you want to drive more safely? of smart. stop eating. take deep breaths. avoid bad weather. [ whispers ] get eight hours. ♪ [ shouts over music ] turn it down! and, of course, talk to farmers. hi. hi. ♪ we are farmers bum - pa - dum, bum - bum - bum - bum ♪ right now, 7 years of music is being streamed. a quarter million tweeters are tweeting. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this&is gonna be big. hp moonshot. it's time to build a b
and the health care worries and back and forth on the taxes and obama wants more and we are tapering. perfect. just great. >> well, things could be worse -- you could be in india and watching the currency decline by 4% per day. >> you could be in indonesia and watching a similarly currency going down. >> the rupee. >> yes. and that is a fact. >> and the fact is that the dollar buys more rupees than you can see, whoa! any time a major currency moves almost 4% in a day, this is of course, the impact that you would expect of making indian exports cheaper which will benefit us, but a consumer-led economy there where they are trying to bring it in is complicated and then bring in a lot of goods and send them in and back out, and the equity markets there have not been performing well. >> and you are, we have not talked enough about the merging markets. >> well, they have been crushed. when you talked about the taper talk or the okay, what happens when, and forget about when qe ends, because it is not that the merging markets will take et the worst, because all they are built on is cheap money, and
believe chemical weapons were used in the syrian battlefield. this the obama administration saying causing a shift in u.s. policy towards arming the rebels. the mission for the team is not to establish who used chemical weapons but rather if they were used at all. >>> to russia where two champion sprinters apparently make a big statement by exchanging a kiss on the victory podium. >> reporte >> reporter: was it a kiss or a protest. two female russian athletes sharing a lengthy embrace on the podium over the weekend raising concerns they could be prosecuting for promoting what russia calls nontraditional sexual relations. neither athlete has yet issued a statement on the matter. >> thank you so much. >>> and they are starting to mismantle a mountain top get away that is making up the penthouse suite of a high rise in beijing. >> reporter: i want to show you the great lengths that the media here is covering the story. they have taken a drone and flown it above this enormous structure in beijing. these amazing pictures of this pretty extraordinary structure built by a chinese tralsh medicine
time. part-time jobs go along with the obama health care thing. liz is all over this with lizzie mack's bottom line. >> looks like the same debate that spouses have at kitchen table on what is going on with health reform. you know what is strikeing? this is based on government data from the bureau the labor statistics. of 963,000 jobs created, this is based on household survey, a whopping of were part-time jobs, 737. that is driving down household median income. it is helping to undercut gross domestic product, the consumer 70% of the u.s. economy. what we're seeing also, is, companies, i have the memo from forever 21, they're blaming health reform. a growing number about companies we're tracking last two years are blaming health reform. forever 21 will drop associates and other employees to part-time status. other companies are basically dropping workers to part-time status. majority of those companies we showed are blaming health reform. the other thing too that is striking, new study out of san francisco federal reserve which is the turf of janet yellen, may be the next fed chief,
been a little more skeptical. i think the long-term is more important to president obama. who is the best person to be there if we lapse back into an economical phone. hh does not want a big international crisis. we want the city growth at home. that is what he is worried about here. tracy: who is that person then? is a decision he will have to make. maybe he thinks that larry summers is the guy. we will have to wait and see, obviously. he is making sure that the larry tracy: i bet you cannot believe how much time we are putting into the discussion of the next fed chair. >> it is always a big decision. i remember when president reagan picked alan greenspan for this job. there was always a lot of attention around it. it is a big choice. what is unusual is you have a lot of people from the air outside. tracy: thank you, sir. ashley: do you think your e-mail is private? if you use google's gmail service, you should not think that. gerri willis joins us with details like the company is making that disclaimer now. gerri: anything in your e-mail is subject to scrutiny. i think this
american citizens not to travel to pakistan. meantime, president obama will hold a news conference this afternoon at the white house before leaving for vacation on martha's vineyard. andrew? >> we got a couple of corporate stories to talk about. big one, the jpmorgan now reportedly close to reaching a settlement with security regulators over the so-called london whale trading losses. bruno iksil, he was the whale in some ways, he's not expected to face charges related to the incident. apparently, by the way, he's talking and made some kind of deal or may be making a deal with the s.e.c. the other component of this is that as part of whatever settlement the s.e.c. reaches with jpmorgan, they might have to admit some form of wrongdoing or some form of admission -- >> why would the s.e.c. cut a deal with that guy when he was the rogue trader doing things that the management at the bank -- >> unclear he was the rogue trader. it seems like what has happened is as the story developed that his boss and his boss' boss may have been more rogue than he was. not iona drew. >> a few layers --
have a double whammy for home building stocks. last week president obama came out gave a speech on fannie and freddie arguing they ought to be wound down and replaced by another agency. you saw what happened on that, david, home building stocks went through the floor last week tuesday and wednesday. so now we have a double whammy, the concern about higher rates and concerns about less government support overall. that's a real problem. and the itb, the main etf for the home building industry hit a new low for the year, but it wasn't on the rates, it was on concern about fannie and freddie and the lack of support there for the mortgage market. guys, back to you. >> thanks very much, bob. that's still to come. fannie and freddie. that will be a long -- >> begin today just a football security. don't know what's going to happen. >> even the preferreds are a real risk. time for a little bit of a faber report following up on a story here. our viewers have been covering mergers and acquisitions for a long time. but rare indeed when you see a consent solicitation of the shareholders for
moved behind the scenes to quash the campaign and are insisting that obama not be pressured as he mulls to nominate. >> the president does not like people trashing those he is seriously considering for big jobs. he plainly likes larry summers. there has been a campaign against summers within the senate. you had a significant block of senate democrats who were signing their names to a letter, essentially endorsing yellen. democratic senators have publicly raised questions about whether larry summers would fit in that job. and the president doesn't like being hemmed in. we have seen this at his press conferences. saw it when he went to the hill and talked to democrats and defended pretty forcefully larry summers as somebody who had helped him a good bit, who has a lot to offer. he has been -- summers has been believed to be the front-runner for the job. don't know to what extent that is still the case. but the president doesn't like to be dictated in these sort of scolded his democratic colleagues. >> we have been looking at this, this opposition in the senate and other places that have b
in a strike. do you think that the obama administration could possibly go it alone? >> i think it is becoming increasingly difficult. the momentum seems to be slowing down. if you remember yesterday we were getting records from u.s. officials saying that the train was out of the station, it was too late to dial back, and it was coming and they were talking about it starting today. i can tell you even here we were beginning to make our plans, how we were going to cover the events if suddenly bombs were falling on dadamascus. now, you have the arab league saying it doesn't support military action. the red cross saying it doesn't support it. egypt saying it wouldn't back a military action. the uk labor party wanting to slow things down and have two votes to authorize military strikes. today the administration is supposed to give a briefing about why it believes that chemical weapons were definitively used by the bashar al-assad regime. the longer this goes on i think the less momentum you're going to have and more doubt injected into the process. >> nbc's richard engel for news turkey this morni
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